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Lowell Avenue Apartments 122 Lowell Ave 8 Unit Apartment Building $1,858,316 CAD ($232,289 CAD/Unit) Providence, RI 02909
Investment Highlights
- Unit mix of four 1-bedroom and four 2-bedroom apartments
- Nearby Rhode Island Hospital, Hasbro Children’s Hospital, Providence College, Rhode Island College, Johnson & Wales University
- Huge parking lot for about 28 cars
Executive Summary
Well-maintained 8-unit multifamily property in a prime Providence location offering a strong investment opportunity. The building features a desirable unit mix of four 1-bedroom and four 2-bedroom apartments, appealing to a wide range of tenants. Huge parking lot for about 28 cars. Ideally situated with convenient access to shopping, dining, and everyday essentials, the property is just minutes from the vibrant neighborhoods of Federal Hill and Olneyville, known for their diverse restaurants, cafes, and local businesses. Downtown Providence is a short drive away, providing entertainment, nightlife, and cultural attractions. Commuters will appreciate easy access to Route 6 and Interstate 95. The property is also close to Rhode Island Hospital and Hasbro Children’s Hospital, as well as major educational institutions including Providence College, Rhode Island College, and Johnson & Wales University. Nearby parks such as Donigian and Merino Park offer outdoor recreation. Easy access to public transportation and T.F. Green Airport adds to the property’s appeal.
Property Facts
| Price | $1,858,316 CAD | Building Class | B |
| Price Per Unit | $232,289 CAD | Lot Size | 0.44 AC |
| Sale Type | Investment | Building Size | 10,476 SF |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Parking Ratio | 2.67/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-3 - Apartment | ||
| Price | $1,858,316 CAD |
| Price Per Unit | $232,289 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.44 AC |
| Building Size | 10,476 SF |
| No. Stories | 3 |
| Year Built | 1910 |
| Parking Ratio | 2.67/1,000 SF |
| Zoning | R-3 - Apartment |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | PROV-001120-000237-000000 | Improvements Assessment | $1,068,600 CAD |
| Land Assessment | $121,135 CAD | Total Assessment | $1,189,735 CAD |
Property Taxes
Parcel Number
PROV-001120-000237-000000
Land Assessment
$121,135 CAD
Improvements Assessment
$1,068,600 CAD
Total Assessment
$1,189,735 CAD
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Lowell Avenue Apartments | 122 Lowell Ave
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